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Baltic Fuel Company obtains approval of Saint-Petersburg Administration for land reclamation at Turukhtannye Islands

Saint-Petersburg
Administration has approved documentation on area planning for the development
of fuel terminal MTT Turukhtannye Islands within the water area of Big Port St.
Petersburg. So, Baltic Fuel Company, the project investor, obtains a permit for
reclamation of 1.43 hectare plot of land.

As of today, the
terminal occupies a 7.3-hectare plot of land and two berths being used for
transshipment of oil products (some 500,000 t in 2013).

Investment
programme of BFC implies the reconstruction and modernization of the terminal
to considerably improve its throughput capacity. In 2015-16, the terminal’s
throughput is to reach 1.7 mln t of oil products. From 2017, the terminal will
annually handle up to 2.4 mln t of products, from 2020 – up to 4-5 mln t.

According to the
project, the third berth is to be put into operation and the tank farm capacity
is to be increased to 42,000 t. Investments into the project are estimated at
$110.Baltic Fuel Company LLC headquartered in St. Petersburg was established in
2008 for managing of the Holding’s bunkering assets effectively. For more than
10 years the Group’s companies export oil product, provide bunkering and
ecological services etc. The Company’s fleet comprises 30 vessels. It is the
largest bunkering fleet in Russia’s North West region. The Company is one of
the three leading bunker suppliers in the port of St. Petersburg and in the
Leningrad region. Besides, it is one of the three leaders in the North-West
market of oil product motor transportation.